ING Groep NV Grows Stake in FedEx Corporation $FDX

ING Groep NV lifted its holdings in shares of FedEx Corporation (NYSE:FDX) by 5.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,149 shares of the shipping service provider’s stock after acquiring an additional 2,444 shares during the period. ING Groep NV’s holdings in FedEx were worth $10,411,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FDX. BHK Investment Advisors LLC raised its holdings in FedEx by 1.4% during the third quarter. BHK Investment Advisors LLC now owns 3,074 shares of the shipping service provider’s stock worth $725,000 after purchasing an additional 41 shares in the last quarter. Probity Advisors Inc. grew its position in shares of FedEx by 2.2% in the 3rd quarter. Probity Advisors Inc. now owns 1,981 shares of the shipping service provider’s stock valued at $467,000 after buying an additional 43 shares during the last quarter. WealthPlan Investment Management LLC raised its stake in FedEx by 3.2% during the 2nd quarter. WealthPlan Investment Management LLC now owns 1,439 shares of the shipping service provider’s stock worth $327,000 after acquiring an additional 44 shares in the last quarter. Joel Isaacson & Co. LLC raised its stake in FedEx by 1.7% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 2,617 shares of the shipping service provider’s stock worth $617,000 after acquiring an additional 44 shares in the last quarter. Finally, Triglav Investments D.O.O. lifted its position in FedEx by 0.8% in the third quarter. Triglav Investments D.O.O. now owns 5,704 shares of the shipping service provider’s stock valued at $1,344,000 after acquiring an additional 44 shares during the last quarter. 84.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on FDX. The Goldman Sachs Group lifted their target price on FedEx from $301.00 to $317.00 and gave the stock a “buy” rating in a research report on Friday, December 19th. TD Cowen reaffirmed a “buy” rating on shares of FedEx in a research report on Friday, December 19th. Raymond James Financial boosted their price objective on FedEx from $255.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, December 22nd. Argus lifted their target price on shares of FedEx from $250.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Finally, Sanford C. Bernstein upgraded shares of FedEx from a “market perform” rating to an “outperform” rating and set a $427.00 price target for the company in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $319.26.

FedEx Stock Down 0.2%

Shares of FedEx stock opened at $367.07 on Thursday. FedEx Corporation has a one year low of $194.29 and a one year high of $374.80. The company has a market cap of $86.31 billion, a P/E ratio of 20.24, a PEG ratio of 1.85 and a beta of 1.34. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.27. The firm has a fifty day moving average of $307.65 and a two-hundred day moving average of $264.36.

FedEx (NYSE:FDX) last issued its quarterly earnings results on Thursday, December 18th. The shipping service provider reported $4.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.02 by $0.80. The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $22.79 billion. FedEx had a net margin of 4.81% and a return on equity of 16.63%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.05 earnings per share. FedEx has set its FY 2026 guidance at 17.800-19.000 EPS. On average, analysts forecast that FedEx Corporation will post 19.14 earnings per share for the current year.

FedEx Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 15th were paid a $1.45 dividend. The ex-dividend date was Monday, December 15th. This represents a $5.80 dividend on an annualized basis and a dividend yield of 1.6%. FedEx’s payout ratio is 31.97%.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.